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3524 Chesapeake Avenue

Los Angeles (City), CA 90016
  • $12,500,000
  • STATUS: Active
  • ON SITE: 42 Days
  • ID#: 21799184
$12,500,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
2021
County:

School Ratings & Info

Listing Agent: Dario Svidler of Compass and Morgan Mcmullin of Compass


Description

The subject property is a luxury, brand new construction, 27 unit apartment complex located in the West Adams submarket of Los Angeles. Ideally situated on Chesapeake Ave (a quiet, residential street) and 3 doors down from Exposition Blvd (the Expo Line station is one block away). This 2021 constructed building has pristine units, an incredible unit mix and views from most units. The property boasts Eighteen 1 bedroom, 1 bathroom units, and Nine 2 bedroom, 2 bathroom units (3 of which are deemed affordable). Amenities include common area benches and tables, and a gym. The densely populated location ensures expeditious lease up and the luxurious units allow for tenant comfort and investor stability. The area has undergone a major economic renaissance during the past decade with development as the driving force. The new apartment and mixed use developments in the immediate area have provided an overwhelming increase in the demand for high end rental units and retail. 11 units remain vacant. The central courtyard building also has an oversized side yard on the southern side of the building. Tenants have access to a bike closet for bike storage and there is a pristine, inviting entryway with the elevator. All units have washer and dryers and balconies as well as all the modern conveniences of living in a brand new building.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T00:26:55.663. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/122763442
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3524 Chesapeake Avenue Los Angeles (City), CA 90016

  • Price: $12,500,000
  • Status: Active
  • On Site: 42 Days
  • ID#: 21799184
0
Beds
0
Baths
0
½ Baths
0.29
Acres
2021
Built
Neighborhood:
PHHT - Park Hills Heights
County:
Los Angeles
Area:
PHHT - Park Hills Heights
Property Description
The subject property is a luxury, brand new construction, 27 unit apartment complex located in the West Adams submarket of Los Angeles. Ideally situated on Chesapeake Ave (a quiet, residential street) and 3 doors down from Exposition Blvd (the Expo Line station is one block away). This 2021 constructed building has pristine units, an incredible unit mix and views from most units. The property boasts Eighteen 1 bedroom, 1 bathroom units, and Nine 2 bedroom, 2 bathroom units (3 of which are deemed affordable). Amenities include common area benches and tables, and a gym. The densely populated location ensures expeditious lease up and the luxurious units allow for tenant comfort and investor stability. The area has undergone a major economic renaissance during the past decade with development as the driving force. The new apartment and mixed use developments in the immediate area have provided an overwhelming increase in the demand for high end rental units and retail. 11 units remain vacant. The central courtyard building also has an oversized side yard on the southern side of the building. Tenants have access to a bike closet for bike storage and there is a pristine, inviting entryway with the elevator. All units have washer and dryers and balconies as well as all the modern conveniences of living in a brand new building.
Exterior Features

Parking Features Gated Parking Total 16

Property Features

Association Fee 0 Gross Income 670968 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 433017 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 3 Zoning R3-1 Tier 3



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T00:26:55.663. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Dario Svidler of Compass and Morgan Mcmullin of Compass